Potato remains higher on physical demand

Potato prices remained higher by Rs 22 to Rs 537.10 per quintal in futures market today, as traders enlarged their positions on firming domestic demand ahead of festive season.

Fall in supplies from producing regions also supported the uptrend.

At the Multi Commodity Exchange counter, potato for October contract rose Rs 22, or 3.99 per cent,  to Rs 573.10 per quintal, with a trading volume of 594 lots.

Potato for March-month contract increased by Rs 9.60, or 1.54 per cent, to Rs 630 per quintal, with a business volume of 199 lots, while April delivery was up by 8.70, or 1.40 per cent, to Rs 628.90 per quintal, with a business volume of 36 lots.

 

Marketmen said increased buying by speculators on pick up in demand at physical markets ahead of festive season led to a rise in potato prices at futures trade.

They said restricted arrivals from the producing belts in Agra and Haldwani and also influenced the trading sentiment to some extent.